Kelt Exploration Ltd T.KEL

insider buy 8/25/20

[filefish]

S. Lalani, CFO purchased 23,800 shares today , per Canaidan Insider. A good sign of confidence. But also a signal that another major event may not be in the works at the moment. I am looking for a buy on the open market from D. Wilson as a confirmation that is time to go all in.

[Seppelt]

I’ve noticed that. The CFO is the first guy to see real plus in the bank account, such a rarity in this business and it probably won’t last long once they decide that it is time to start raising production. I have enough but may buy some some more...

[PeterPP]

today drop kinda surprised me. CFO is the person who knows a company financial best,and he send out signal that its worth buying at 1.67. much better than shitty pony, which has no executive buying for past few years.

[filefish]

Seppelt , agree with your fear that they may in time start overspending money like all the oilco's.  I would be happy to see them limit their future capex plans to cash flow + some of the positive working capital to complete current DUCS and never borrow money from the bank again. Is that possible in this industry? I too want to buy more at this price but really need to hear their plans

[PeterPP]

no debt worry means KEL can survive until LNG Canada built. PONY is an classic example witth AECO torque but too much debt maturing and forced to sell, unable to wait LNG Canada built.

[Cheadle12]

With Fat Pat Ward not buying PONY shares, total red flag. The other charlatan is Jason "away flies your money" Fleury.   He was feeding investors with a bunch of garbage when they called him. End of the day, shareholders lost out on PONY.   Kelt has massive insider ownership & David Wilson will for ensure shareholders (including him & his family) benefit

[Seppelt]

Peter, I am not betting on LNG, although it won’t hurt. I hope oil will break above $50 as soon as all Covid restrictions are removed. It will take vaccines plus treatment drugs which may be approved and available in less than a year. Until then, all international and domestic air travel won’t be fully restored and that is about 3 million b/d of global jet fuel currently below the normal pre-covid

[pablo87]

A lot of long term investors are under water. Many also invested in debentures, that money is returned to them early October. For those who choose to reinvest their debenture proceeds in common shares (and avg down), It would be nice for them if the share price remained relatively low until late October. At current share price, the $89M debentures represents 30% of o/s common shares.